Search

Mortgages are still much higher than they were prior to the pandemic, as 30-year fixed mortgage rates never topped 6% from 2009 to 2021. [ABSTRACT FROM AUTHOR]

Mortgage rates are well below their two-decade peak of almost 8% hit last fall. [ABSTRACT FROM AUTHOR]

The Bank of Canada's decision to cut its key interest rate target has led to a resurgence in popularity for variable-rate mortgages. When interest rates were lowered in 2020, variable-rate mortgages became more attractive, but as rates increased in 2022, their popularity declined. However, with the recent rate cuts and the possibility of further cuts, borrowers are once again considering variable-rate mortgages. These mortgages also offer advantages such as lower penalties for breaking the mortgage before the term is up. [Extracted from the article]

Mortgage delinquencies dropped to the lowest level since March but, particularly at the seriously delinquent level, they're still much higher than pre-coronavirus rates, according to Black Knight. [ABSTRACT FROM AUTHOR]

The forbearance rate improved to the a level not seen since early April, but getting back to pre-COVID levels will require employment gains or additional government stimulus measures, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

Mortgage applications decreased 0.6% from one week earlier, although a slight drop in purchase volume belied the fact that consumers are taking advantage of the current rate environment, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

GSE mortgages in forbearance fell for the 17th straight week, spearheading the overall downtrend, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

Mortgage applications decreased 4.8% from one week earlier, as refinance activity was down even as average rates fell to a new record low, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

The net share of mortgages in Ginnie Mae securitizations with suspended payments appears to be stabilizing, but the number of new requests creates doubt about whether it will subside. [ABSTRACT FROM AUTHOR]

After flattening over the three prior weeks, the number of loans going into coronavirus-related forbearance dove at a rate not seen since early August, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

Rates are forecasted to remain at the current low levels for the rest of 2020, driving steady refinance volume. [ABSTRACT FROM AUTHOR]

The falling rates continue a three-year trend of improving performance across numerous commercial mortgage sectors including multifamily, office and retail. [ABSTRACT FROM AUTHOR]

Mortgage activity fell at the start of the year, but lower mortgage rates are boosting refinance volume, and Generation Z is starting to creep into the housing market, according to TransUnion. [ABSTRACT FROM AUTHOR]

Mortgage applications increased 3.9% from one week earlier as another week of record low rates drew more borrowers into the market, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

The forbearance rate continued recovering in lockstep with employment improvement, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

With the 10-year Treasury yield getting a boost due to Pfizer's COVID-19 vaccine news this week, KBW predicts insurers and title underwriters will fare best as recovery continues. [ABSTRACT FROM AUTHOR]

The forbearance rate continued recovering in lockstep with employment improvement, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

Mortgage volume continues to surge, driven by borrowers refinancing behind record-low interest rates, according to Ellie Mae. [ABSTRACT FROM AUTHOR]

Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered. [ABSTRACT FROM AUTHOR]

The article focuses on the concept of remortgaging that help in escaping high variable or fixed interest rates and taking the advantage of current fixed-rate. It mentions that remortgage help in raising funds for an expensive purchase. It states that large mortgage help in offering money being spend on the purchase.

For the Top Producers, many say a key to success involves taking that initial conversation with a potential borrower beyond the rate question. [ABSTRACT FROM AUTHOR]

While clients are uneasy about the spread of coronavirus, Kelly King touted the added volume his company has seen from lower rates. [ABSTRACT FROM AUTHOR]

Nonbank mortgage employment fell in January, but could subsequently surge as lenders seek to capture business while rates are low, the job outlook is favorable, and the coronavirus is contained. [ABSTRACT FROM AUTHOR]

The Fed's decision to cut its benchmark interest rate amid growing coronavirus concerns is bound to have an impact on banks, but just how broad and how deep remains to be seen. [ABSTRACT FROM AUTHOR]

Investors' purchases of 10-year Treasurys after the Fed's 50 basis point short-term rate cut drove the yield below 1% for a period of time. [ABSTRACT FROM AUTHOR]

Mortgage applications decreased 1.5% on a seasonally adjusted basis from two weeks earlier amid the annual end-of-year slowdown despite lower rates from global tensions, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

Mortgage applications decreased 5% from one week earlier as, absent any rate incentive, activity slowed because of the holiday season, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

Mortgage applications increased slightly from one week earlier even as rates reached their highest level since July, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

Mortgage applications fell 3.1% from one week earlier even with another decrease in rates, according to the Mortgage Bankers Association. [ABSTRACT FROM AUTHOR]

In Denmark's $495 billion mortgage-backed covered bond market, another milestone was reached on Wednesday as Nordea Bank said it will start offering 20-year fixed-rate loans that charge no interest. [ABSTRACT FROM AUTHOR]

Mortgages using alternative documentation like bank statements for underwriting performed stronger than expected, but uncertainty remains about their default rates in stressed environments, Fitch Ratings said. [ABSTRACT FROM AUTHOR]

Mortgage prepayment speeds may rise with the strong U.S. rate rally, and that may be cause for alarm for mortgage investors. [ABSTRACT FROM AUTHOR]

Colorado was a leader when it came to missed mortgage payments and foreclosures in the years before the 2008 financial crisis. Now, no state can compare when it comes to borrowers who are timely on their mortgage payments and hanging onto their homes. [ABSTRACT FROM AUTHOR]

The article discusses that according to chief executive of the Intercontinental Exchange (ICE) strategic decisions for the rates business that were made a decade ago are starting to deliver its results. It further discusses that the mortgage market is the natural link that allowed to build up high value business lines